All Forum Posts by: Aaron Zimmerman

@Jaki Gandara what specific entity types do you have in place currently? Or are you just looking for advice as to which would be best to set-up

@Joseph Pochinskas just PM'd you.

@Mark Ainley great! thank you very much. Look forward to hearing on the next podcast!

@Tim Sipowicz - there are many meetups and FB groups. I can PM you the links to those that I'm a part of including WIndy City REI.

Chris- there's many quality CPAs on here and on many threads that you could reach out to. Talk to a few and see who feels right for you. 

I echo pretty much what everybody said above. Irving park is a fantastic neighborhood with a lot of long term potential. I just Pm'd you and am happy to talk about my house hack in Irving Park!

@Mark Ainley do you happen to know the success rate of your attorney's approach? Also- would you mind sending that eviction attorney to me as well? Thank you. 

@Nate Grabner

1. I just house hacked in Irving park in December 2019. I'm more than happy to connect with you. 

2. Keep doing what you're doing. I would just analyze a lot of deals and maybe read a few more books such as Coach Carson's book or building wealth one house at a time by John Schaub. 

3. You may need to up the price but I don't think you're out of the question with those areas. 

Get all the existing leases from the tenants if there are any, delve deep into the inspection report and evaluate if there are any bigger deferred maintenance items (Adjust accordingly). Agree with Nicole  as well. 

I believe you can still find deals in the Chicagoland area with house hacking using FHA. I bought a property in Irving Park last year and was able to qualify thanks to @Michael Facchini. We had to work the loan with buying the rate and putting more money in the deal but I think you could comfortably get into a property with 5-6% or less with FHA, if not 3.5%. Feel free to reach out if I can be of any value with your house hacking process.